Versatility

I’m really, really good at working with people like me.  I’m also good at finding them.  Is that enough? I used to think so.  But now, as I’m a little older, I see there are a bunch of people younger than me in the workforce.  If we are meant to work for 40 years -between 25-65 (and I think it should be 25-75), this means that 1/3 of the people are younger than I am.  I have lived out 30% of my career.

Each year, there will be more people on the other side of the line.

And there are women, people in other cultures.  Loads of people that aren’t the “white dudes born in the nixon, ford and carter administrations.”   

How versatile am I? I don’t really know.  Is it critical I get better?  Don’t know that, either.

The Levels Of Salesmanship

The world is lousy with sales trainers.  Sales consultants.  Gurus.  They are everywhere, ready to motivate me to overcome objections, to buy, to cold call, whatever.

Being able to “handle an objection” is certainly a skill.  But isn’t it a greater skill to be able to avoid those conversations to begin with?  

Being able to hustle and find people is nice, but isn’t it nicer when the great people pursue you?

The people that teach “selling” are fascinating because what they are teaching is safe for corporate types.  Follow the rules- be a bit more congenial. Hustle.  These are characteristics that have a limited return.

There are other skills to be had, and we look forward to talking about them all.

Pitch Your Niche, Biche

Pitching isn’t hard.

The hard part is picking the person to be pitched at the right time. Waiting long enough to strike.  Being indifferent to the outcome because you have something great.

The actual “closing” part of a sales thing isn’t difficult at all. It’s a normal, natural, easy outcome. You just close or you don’t.  You maximize your chances by doubling down on what you believe, not begging harder, not getting chippy.

Pitching isn’t hard, but what’s hard is having something pitch worthy.  That might take a career.  You can’t just be a salesman that need a job, right?  You have to be someone to pitch.

The Best Sales Guy Ever (Part I)

I don’t consider myself a strong salesperson anymore.

I used to. I used to be proud of my skill.  I used to think I was a closer among closers.  (Big whoop – closing doesn’t matter).

Maybe I’m in the top 5% (best case) but that’s not worth much.  Most of the people in an organization are not worth much. 

I had a skill nobody needs.  Winning the hustle, the grind.  The chase.  It’s an addiction.  Most salespeople have some skill, some flair, and some personality.  The people that gravitate towards a job that tolerates them: hey may be otherwise unemployable.

There is something special about almost every salesperson – from the telemarketing numbskull selling you magazines, to the corporate guy selling CDN bandwidth.  Salespeople have some spark of the devine.  The enhancement that fuels both artists and addicts.  The colorful characters are wonderful to behold. 

I was a colorful character, and I was at the top of my group.  Problem was, I was in a really, really shitty group.  Literally more DUIs than occupational licenses. And, you get to know these people so you don’t think they are so bad.  Then you get mired in your group, and you soothe your soul by saying “hey, I’m better than those losers.”

I can’t play basketball worth a damn .  But, if you group me with a bunch if 8 year olds, I guarantee you I’ll dominate like Wilt Chamberlain.

I was in the wrong group, comparing myself to the wrong caliber of people, the wrong set of ambitions. I thought I was great, but I was great when compared to a cohort of people that were failing at life.  

Almost everyone in the FIRE industry is not what we’d generally know as a top performer. The whole industry works, but its not leveraged, it’s high stress. It’s not a good life/job.  I’m not the best sales guy ever. I’m a level one. And I’m aware of that and I’m going to level up.

Time to help as many people in as many channels as I can. Time to ditch habits that don’t support me.  Time to win.

How To Go From Sales Warrior To General

warrior

You want to sell on a high level.

It doesn’t work like we’ve all been taught.

No, not at all.

Our warrior-hero-cowboy gunslinger metaphor for salespeople holds us back.

Believe me, I know.  I just got off that train. A year later, my life is radically different.

Look, let’s face something: salespeople aren’t heroes.  We aren’t going to buttonhole someone and convince an Eskimo that ice is truly a great idea for their family. Even if we did, that’s not heroic.

Sure, sure some of that happens.  When we are in the position of “selling,” or “overcoming someone’s resistance” the net result is generally poor.  When you “win” what have you won? Your buyer often comes to feel suspicious of every part of the transaction, and it makes a future, lifelong relationship less likely.

We hear water cooler stories that make us all a bit narcissistic.  The familiar metaphors of the sales person are self aggrandizing and delusional.  Salespeople want to think of themselves as warrior-cowboys. The rugged individual.

“I saved the deal.” “I’m a road warrior.”  ”I’m a closer.” “I roped ‘em in”.

On and on, as if their whole company’s fate is linked to their ability to whip out the right Zig Ziglar tactic at the proper time.  These people that hustle up deals say things like “without salespeople, no business happens.”

Oh, brother.

Yes, good salespeople are vital. A bad salesperson is subtraction by addition.

Most salespeople are bad.

And, if you are puffing yourself up with self aggrandizing bullshit, it’s more likely than not that you are in the 97% of people that are adding nothing but drama to their company. (While collecting a good pay check).

Sales is simply “Doing your Job”

You’re not some warrior.  You’re not taking risk.   You get paid on commission in exchange for a bit of upside. That’s it.

Your job is to sell stuff. That’s it. No worries.

Ergo, when you sell stuff you’ve merely discharged your basic obligation to your employer. Nothing more.  No victory lap needed.

“The Coke machine doesn’t call its mom every time it spits out a Coke.”

The Coke machine doesn’t call its mom every time it spits out a Coke. That’s what its there for. It’s equipment someone purchased and set in the lobby. Just like you, you’re a piece of equipment hired to make sales.  Not to talk about it, gloat, or whatever else. To make sales.

“So often “heroic escapes” are caused by early-stage paperwork snafus or other incompetence early in the deal. ”

So often “heroic escapes” are caused by early-stage paperwork snafus or other incompetence early in the deal. A deal that may have started with a fireable offense ends with a commission.

Salespeople mostly live like addicts.  Julia Cameron wrote about this.  Much of the problem is that most companies are shit.  Most people are whoring themselves for “just a job.”   They don’t believe in their process or product (or industry).  But because we are all addicts, they are loaded down with a Mortgage-Spouse-Kids-Private School.  So they stick around doing inferior work.  They have to convince themselves that they ‘saved the deal,’ in order to get some satisfaction somewhere.

Even though my company is shit I’m a deal saving sales-person.  Cling to that, if you must, but it’s holding you back.

Believe me, I know.

How To Go From Warrior To General (Or, Mediocre To Great)

To keep with the sales warrior metaphor, nobody’s going to promote you.  The economy needs warriors.  Hustlers.

The mill needs grist, too. You don’t want to be that.

Here are the steps that I tried to follow, some of them came to me, some of them I learned in retrospect. The idea

Either become or create something that’s the very best in the world.

There’s room at the top. People will embrace you. Trust me on this. The closer you get to the top, the more people below cheer and the more people above welcome you.

Either become the best in the world, or make something that is the best in the world. Either way, the journey changes you and upgrades you.  Either way you get better for the effort.  (Book to read: The Dip).  Work for the top people in the industry, make your company into one.  Work on a small team.

If you’re not yet #1, work with someone that is.  Make it easy for them to do more of what makes them special.

This is the most secure job there is. If you can work with a talented person, show aplomb, ability and loyalty, you can win at life.

The people in my company are world class.  My job is to set the table, find the customers, deal with the tedious parts of it (for example, job and family services in different states).    Serving the art staff, the customers, and everyone is a good job for me.

I get to recruit people that do a great job, and make a company that allows them to focus on art and open up the throttle.  I’m not a skilled designer, but I influence design.

“ Any paycut is only temporary, and it’s the downpayment on becoming great.”

This might mean that you have to quit your job or take a paycut.   Any paycut is only temporary, and it’s the downpayment on becoming great. It’s more than worth it.

Do uncompensated favors that help the world.

With no expectation of financial gain, but as a reflection of who you are. When you believe you have abundant time and money, it becomes true.

I try and make an introduction every day.  I buy someone a book at least once a week.  Not because I expect to gain from any particular transaction, or put people in my thrall.  But because it’s all a reflection and a gesture towards the world.  It might help some author somewhere, it might help some salesperson, whatever.  It might do absolutely nothing.  It’s just a gesture to the universe that I’m here to help.  Sometimes it works.

I do it because I have to give up the idea that I need to monetize everything.  I do favors because it’s who I have become. It’s shocking what this does, being able to give away what you’ve earned means that you get more of it.  It comes at different times, but you lose the stink of despair when you are generous with time and money – and don’t expect a return from any action.

Work in harmony with the world.

A salesperson’s job isn’t necessarily to beat people into submission.

“ A salesperson’s job is to highlight areas where two groups can collaborate and memorialize that collaboration with a written agreement.”

A salesperson’s job is to highlight areas where two groups can collaborate and memorialize that collaboration with a written agreement. If there’s not a ‘real benefit’ from this thing happening, if it doesn’t make sense.  (And if your company isn’t generally benefiting others, then it doesn’t make any sense).  Stay in harmony.

Stop Picking Fights Like A Drunk.

I used to fight everyone and everything. Many salespeople do.

The “warrior delusion” makes you do that. A random $35 service charge that I wasn’t told about at muffler shop?  I might literally have called the cops if I didn’t get my way on the first pass. All of that is a manifestation of The Resistance. 

That’s addict behavior.  Trust me, it gets you nowhere.  The drunk that needs the drama to keep going.  That stuff kills everything. I usually got my $35 bucks but I was an awful person to get it. Be bigger, tougher.

Focusing on that is the wrong lesson.  Build something big and tough enough so those little blips barely register. Be pleased when things go as planned.

It’s hard to do this when you’re broke, but doing this makes you not broke.

Most salespeople manufacture problems that they can swoop in and solve. Don’t be that guy.

This is hard, at least for me.

Read. A Ton. More Than You Think. More Than Anyone You Know Does, and  Sterner Stuff, Too.

Nothing at all has changed the trajectory of my life than reading a ton.  It’s part of my job, it’s what I do for a living.

Read the hardest stuff you can, not the “Moving My Cheese/Getting Things Done” type stuff.  That has its place, and is good for when you need a break.

Read stuff that’s beyond where you can write and think.  Because you’ll split the difference somewhat and wind up smarter and more able to stretch.

Most weeks I get through at least a book, and i’d guess that I average 8 books most months.  It takes ten hours or so a week. Sometimes a bit more. I generally alternate easy/hard when I can remember.

What that’s done is nothing short of profound for my business and life.  When my mind lets me think I’m a “sales warrior,” or that I’m doing something novel, I think about Frederick Douglass and how he bore the lash as a slave and went on to become a wonderful writer and tender human.  Reading is the closest thing we have to engaging the services of world class mentors.

Manage Projects With Failsafes.

People will fail. It shouldn’t ever take you by surprise when someone is unavailable or pursues their own agenda. Having a sales-process with a single point of failure is really, really dumb. You lose leverage, you lose the ability to get things done.

We have to have a backup plan for everything. If someone doesn’t come through with the report in time for the big presentation, HELLO, it’s your fault for hiring them.

“It’s your fault for not having a failover plan. ”

We pick our vendors, teammates. The buck stops with you. You could have gotten it done. It’s your fault for not having a failover plan.

Our egos seek to blame others for what is in our control.  Don’t do that.

This means you need to have a redundant supply of clients, relationships, vendors.

Try Not To React To Slights/Never Sucked Into Nonsense

This would be a minor corollary of “Don’t Pick Fights.”

People will say stupid things for as long as there are people.

They will take useless potshots.  They will be surly and a little mean.  They are fearful of their place in the world.  None of this is a surprise.  They are fearful of lots of different things.  Getting drawn into this gets you off your task, and it does you no good.

Being right and winning are not always compatible.

You have to get work done, and people want to add meaning to their toil by injecting meaning/drama.  Don’t let ‘em.

Pay Attention To Little Signals

Tiny things matter.  Particularly how people respond to you. How you come across, how people respond to you.  Listen for it and accept the feedback.

When you get put on speakerphone, if people initiate contact with you, if marketers approach you, if you get invitations to things.

None of it is necessarily some “a means b” thing, but it’s all a consideration.  If someone likes you they’ll be responsive and pull towards getting a deal done.  If not, they will respond in 3-4 days with a terse sentence.  That’s just how it is. Your job is to iterate yourself.

Never Brag-  ’Humble’ Or Otherwise (Even To Yourself)

Nobody is fooled, it’s not interesting.

It is hard not to brag especially when things are “improving” from a previous state.  Let it wash over you and move onto the next thing.  That tension of shutting up about it moves you to the next thing.

You can always update your peers on your success and what you’re doing.  But do it tastefully and in context.

You can bring people along when there’s a good time to.  But what you’ve done – start a company with no money, close a fortune 500 account, get an event staged –  all of that has been done before and will be done again.

Bragging about it – even to yourself – will blunt your edge.  It’ll lead to complacency, delusion and rationalization.   Just let it be.

Never Try To “Teach That Guy a Lesson”

A lot of people want to get that dig in or give someone a piece of your mind.  To what end?  Do we believe for a moment that we will get someone to lie prostrate and say “you have changed me, I was wrong, have mercy?”

It’s not going to happen, and it’s a waste of energy.

You can lead by example, note it and move on.  But that’s it.

Learn To Work With People You Dislike (and who dislike you)

There are jerks in the world.  Some of them have a good job, and some of them are in the way of your goals.

Indulging thoughts of “this asshole is lucky to work with me,” doesn’t get you anywhere at all.  It hurts your business for the most part.

I count a half dozen or so people as fierce allies and lifelong friends that had a poor first impression of me. My business partner thought I was impulsive and

There are people that are repeat customers that don’t like me but they respect our ability to get things done.

If I limited my business just to the people that I got on with, I’d have a limited business indeed.

(Do you think Steve Jobs liked or respected all of his customers/clients/verticals?  Absolutely no he did not).

Cultivate Indifference & Avoid Delusion

This springs from “learning not to brag.”   The idea is that events will happen.  Good ones.  Big paydays, and clients that fire you.

We have to be indifferent to the good and the bad.  Deal with what comes in a matter-of-fact way.  It won’t matter when we die.  So little of what we do will matter beyond our lives.

Being dependent on approbation from a single source – even a trusted mentor – makes you weaker and less able to cope with life.  Cultivate indifference towards as much as you can.

It’s an event.  You can be somewhat pleased.  Nothing is a big deal, it’s just noise as you shape the world how you want to.

When everything is just a thing, you don’t obsess and aren’t given over to justification, which leads to delusion.

Reframe Failure as Iteration.

Over the last 12 months I’ve gotten a bunch of high-profile people in my network.

I’ve also created resistance and looked dumb in front of some of the same types of people.

I sent out roughly 400 or so pitch emails to about 150 high profile people.

The breakdown here isn’t particularly exact, but it’s close:

75-80 people still don’t know me.  I mean nothing.  I may have gotten a passing response, but I’m nobody. It’s as if it never happened .  I can start again if I like.

45 or so people think I was utterly daft for my pitch.  If they know me at all, they have a poor impression of me.

35 or so people are legit connections I didn’t have and am comfortable asking to promote stuff for me or my friends and connections.

What’s the net here? Did I win or lose? I won. Because I have great connections, and haven’t done anything unrecoverable.  (Note: my business partner thought I was unsafe when we met, time changed that.  Others did, too).

Take The Help That Comes Your Way.  Ask The Right People.

I’ve had favors done for me.  Huge ones that have helped me at pivotal times.  Things that, looking back, are pivotal in my life’s journey.

You have too.  There’s loads of people willing to help the helpful.

The keys (and I’ll probably post on this) are that you can’t be testy and you can’t pitch.  Phrases like “it seems to me,” and “I was wondering if this aligns” go a long way in establishing credibility (and respect).  In a year, I’ve build a network of A-list contracts because I’ve done this.

It takes time, and you’ll screw it up sometimes, but it’s all recoverable over time.  (This is a great post about someone that got funding after blowing a pitch).

I’m still working on this Stuff.

I’m presenting myself as the “philosopher-king of sales and reason.”  A lot of this stuff takes constant reminders.  I put it here to remind myself, right?

I’m writing this as advice to myself first and foremost.  I feel like I’m a beat or two away from a couple of important lessons that will accelerate what I’ve been doing for the last year even faster.  The tools I love don’t matter nearly as much as the ethos for using them.

Your milage may vary, but you can do whatever the hell you want with your life.

Lectures from Customers

One of the things that irritates me is when someone that wasn’t ever going to buy from me gives me advice on how to run my business.

As if I blew a sale. As if I’m stupid.

More to the point – as if, had I said something a little bit different, or been a little more deferential I might have won the sale, and that I screwed up.

“Gee, if you’d have done it this way, I’d be your customer instead of your something.”

Please.

I know how I come across. I always have. I know that sending a strong signal of indifference or disdain will scare people away. This is on purpose. I’m reacting to something that I’m reading.

I know that putting a bunch of hoops to jump through allows us to screen our customers. Some customers get them, some don’t. This isn’t fair at all. This is my business. (These days about everyone pays the same price).

When someone sends me a signal that they are insane, or insist on meetings….I make them jump through fairly arbitrary hoops, or I pick a fight with their legal department.

Obviously, we need business, but we really don’t need business from anyone in particular. When a client believes that they are our boss, they act poorly.

They get a worse project because our objective necessarily shifts from “doing the very best that has ever been done” to “being done with these jerks as quickly as possible so that we can do the best work on another project.”

I guess it’s OK to have false positives. To have a filter that kicks out more crazy/problems. And, as we become more skilled at our process, we’ll be able to “client proof” ourselves, and as our brand becomes stronger, people will put up with more to work with us on our terms.

Sales Part III: Philosophy Beats Tactics

There is a place for tactics that everyone teaches.  They matter, a little.

But focusing on them is wrong.

The tactics:

  • Objection Handling
  • Cold Calling Opens
  • Scripts
  • DiSC typing.

All have a purpose. To some degree they help, and they can make a difference.  But it’s frosting.  You can probably put bakery frosting on garbage and make it look like a delicious birthday cake.  The frosting will look OK, but it’s covering up stuff.

Tactics are frosting.  They help.  But before we study tactics, we want to dig a little deeper. I spent ten years studying tactics.  I read books like “Question Based Selling,” or “Selling to Vito“.  Countless others  All are fine, adequate books.  All are helpful, and have things that you can use.

But none of them inspire passion, none of them teach you to tell the truth and to be fully grounded, human and real.  None of them teach leadership.  Respect.  Kindness.  Helpfulness.  Being good.  Being concerned about someone else’s well being.

That stuff makes you good.  That stuff means you get real, long term sales.

Don’t Relive The Present [On Selling, Part II]

I sold mortgages for several years.  I sold at First Ohio Home Finance when I was flailing hard to beat back Adult Failure Spiral. Mostly losing.  A story for another day.

The story for today is an observation I made there.

I was the most productive member of an unproductive office.  I was making something around $80-90k a year or so (it was a bad year, I’m sorry).  Many months–even many quarters my buddy Jeremiah would print off absurd pie charts showing that my paltry production was 2/3 of what was being made in the office.  (As another aside- there probably more DUIs than employees in that office).  Instead of wondering how the hell people were eating, I crowed like a rooster, and medicated with $2 dollar beers during the afternoons.

I wasn’t a genius.  I was delusional.  You’ve been in sales, you’ve been there.

But one of the things that I noticed was that everyone was reliving every blow by blow in real time.

A variant of yesterdays lesson, this behavior was indulgent.  People would have a sales event.  A call with a client.  A possible referral.  A check in with an underwriter.

The next action would be to repeat the story throughout the office, and contribute to the hazy and delusional cognitive dissonance that was the Bush administration.

“Another referral from Brian, mmm- buddy, things are looking up.”

First they’d tell our broken down mortgage processor, then each other.  A routine event, one of 30 or 40 things that had to happen for a loan to close would be repeated to the office 5,6 times.  Something that took 3 minutes to complete would bloat into a 45 minute ordeal.

Each time it was repeated, it seems that the event became less likely to happen, but only the skill of the loan officer stood in the gap and made it work.

I imagine their wives heard the details it as well, hoping to find reassurance that their husband may actually get paid this month.

I know that they’d even tell the other loan officers at Happy Hour.

Jeremiah caught this happening and made an itinerant snarky remark about someone getting 5-6 phone calls a day and then doing 30 minutes worth of debriefing per call to fill the time.  I observed my own behavior, and yes, I did this.  Nobody cared.  Certainly not me.

The lesson here is shut up about the routine.  It doesn’t need to be said.  None of it. Do your job, shut up, and do it again.  You don’t need congratulations because some housewife in the burbs returned your call after you stayed with it 15 times.  It’s what it takes.  It’s hard for everyone.

Only Count a Sale Once [Sales Idea #1]

I’ve sold a lot. I’ve failed a lot. I’ve won sales, and I’ve always hustled my way through life on “pure commission” gigs.  I’ve liked persuasion in a 1-to-1 sense.

I’m not going to dispense “Chris’s 9 rules of sales mastery” or “The Rules of Sales Club” or anything lame like that.  I just want to talk about what I know to be true, and how to create a career in sales that can leave you with some self respect.

My hope is that these ideas will survive in the future.  Our world will become way more cluttered and fragmented.

I started writing a post, but it got to 6,000 words, so I figured I’d cut it up.  My thinking is informed by psychology, testing, and other ideas.

So here’s the first idea that I know to be true.

Sales Idea #1: Kick The Approbation Habit – Only Count a Sale Once

One of the battles that salespeople have to constantly fight is self delusion.  We walk a fine line between being an inspirational figure and turning into Willy Loman.  There are invitations to delusion.  Realtors have to content with a culture where twenty agents might combine to sell 30 houses over the course of a year.  It doesn’t take much to shine.

People are approbation junkies.  They need to be loved, approved of.  So they brag about it.

It is easy to become unhinged by sales. I’ve been there.  In my real estate career I had 3 epic months that subsidized 4 whole years of mediocrity.  Yet, I remembered the epic months and carried myself as if every month was like that.  As if I was some expert on selling because I was the “LO of the year.”  Dostoyevsky  talked about this in The Gambler

You have to be intentional about only counting a sale once. If you don’t do this, you’ll become delusional. A lot of sales have “milestones” and all of the “milestones” are good news, but they aren’t much news.  They aren’t finished yet and they aren’t a sign or time to relax.

For example, a salesperson might:

  • Get a lead [then brag about how good they are at getting leads]
  • Get an appointment [then brag about how they did it]
  • Get to write a proposal  [and brag about it]
  • Get a contract [then brag about it]
  • Get a check [then brag about it]
  • get their boss to pay the commission…[then brag about it]

All of this means that each time you dissipate yourself a bit. You undermine your ability to do more work in the future, because you’re spending time bragging about minutia.

We all do some of this.  Every one of us.  If you can stop and if you ignore things, you become a better poker player. You focus on one goal, not mile stones, and you hit your one goal more often.  If you stop getting seduced by things that happen on the way it becomes more likely you get the real goal.

 

Dealing With No

A few months ago – in December, I think, I was shopping payroll services for our company. I had tried the major ones, and was inclined to go with Quickbooks Online. Mostly because I did (and do) view payroll as a fungible good, and a necessary evil. I saw that they all handled filing and taxes. The all had a variety of pricing.

I had to deal with sales reps to answer questions.

First, they all wanted to meet. They couldn’t answer ordinary questions, and the websites buried the information. Since I was biased towards a ‘name brand’ provider, I stayed with it.

Second, the reps kept providing nonanswers to get the conversation going:

“Hi, How much for three people paid twice a month–broad strokes are fine–and how much can I automate.”

“Well, our service price ranges from $29 per pay period to $149 a month. We require you to take control of the process and that’s for your benefit…”

What does that even mean? Does that mean I can’t automate?

Getting a straight answer out of ADP or PayChex is pulling teeth. I managed after several calls- and several reps.

The ADP guy that my bank hooked me up with was the most profoundly bad sales person I ever had. Nothing was a straight answer, even when I became testy.

He called, tried to close for a meeting that I didn’t need. I was looking for a price quote, as I had had the gist of this. Apparently, I needed to prove to him I was serious about payroll before he’d give me answers. He had 11 years experience, so HE was an expert. (In a moment I am not proud of I pointed out the fact that he had been stuck at the same level job for 11 years).

I don’t understand how people are expected to shop for things. Not understand all the details?

Anyway, when he called to follow up I told him I was inclined to go with Quickbooks Online.

Not because Quickbooks is anything great- but I got fairly succinct and straight answers. I trusted the answers because they weren’t trying to spin/sell some version of what I wanted to hear. They wanted me to understand what they were offering. If it wasn’t a fit? Better a non customer than an angry chargeback. Might have just been the rep I got, Quickbooks might be a worse company.

I understood how it all worked. I understand how they would debit taxes, and handle filings. After trying – hard – to get information out of ADP I had no inkling of how that would be handled. I asked a question of the ADP guy and he had “11 years experience.”

On hearing the news, MR ADP basically called me stupid. After the sale, instead of saying “Well, I respect that and wish you well,” he started slamming Quickbooks. “Buddy,” I said, “I gotta hang up, I don’t have time for this, I wish you the best.”

I hung up.

He called back, “I’m just trying to protect you from a mistake, a lot of people have learned that quickbooks isn’t for them because THEY take your taxes out the day of payroll. WE let you pay it quarterly.”

“IF you’d learn the difference you’d make another choice.”

So, I was an idiot for not picking him.

:::

Consider this: About 75% of the time, I get a no when I pitch someone. I’m always fine with this. It’s part of the deal, it’s never personal at all.

What happens often, is that 4-6 months later, many folks come around. I try hard to share good things I encounter and send each of my contacts some communiqué that is personal and valuable once a quarter.

Once, someone was in production with a competitor, not happy with the way it was going, and switched to us.

Had I indulged my need to insult them, to call them a name in a roundabout way, they’re not my customers today.

I follow up – and try to add value even when people don’t like me. It’s not personal, it’s business.

What Happens When I Pursue Business (How I actually cold call)

People say to me – a lot – that I’m a great cold caller.

That somehow I’m gifted at cold calling. I might be. I don’t think so. I think I just do it. Others don’t. I just chase, hunt, help, pursue.

I do it because it’s in their best interests to go with me.

They say it with astonished respect, but they don’t know how I operate. I am not a human boiler room.

40% of my work is done before I call anyone. Finding the right person that fits the right profile is it.

I’m willing to do what others won’t. Because of that, I’ve learned to then do what others can’t. This is the engine that drives things.

I don’t do it as much as people think I did. The Mike Ferry days are over for me- that pressure cooker style is ineffectual and stupid. What’s not stupid is the discipline and hustle it teaches.

Best case scenario – 95% of the time nothing great happens.

What happens when I cold call/initiate contact is about like this (and this isn’t quite scientific):

  • 30% of the time it goes nowhere. The contact is ignored, and noting really happens. Spitting into a trash can.
  • 15% of the time, I humiliate myself and send a ridiculous, irrelevant email that helps to train my people from using me, and my services.
  • 20% of the time I get a polite “no thanks,” or “not right now.”
  • 15% of the time, the person I contact isn’t right for our service, and the discovery process reveals that. This makes for some funny conversations “but…you called me, you must be desperate.”
  • 10% of the time we haggle and the deal doesn’t close. Sometimes we make lifelong friends here.
  • 5% of the time the deal closes.
  • 5% of the time we have a core lifelong customer/friend.
So…this means that 65% of the time there isn’t a great outcome. But…but…it only takes a little while. The 35% of the time, the fact that if I contact 200 people, I’m damn near guaranteed to make 10 friends…that’s what I’m focused on. I can’t help everyone, I can’t work with everyone. Trying is stuid

After this, everyone goes into my CRM. This is everyone I connect with. There are several activity templates set up:

  • Inbound/hot (for people that want us)
  • Interested (for people that may go to the next one)
  • Regular (this means that we connect about once a quarter)
Right now, it’s Batchbook, but when you fish around on this site, you’ll see a lot of stuff about a lot of CRMS. (I still maintain that in 2000, individual CRM peaked with Act 2000).

They have a variety of follow up sequences, and I’m testing if being brash/insulting works better than being pleading/begging. It seems that that’s the case, at least for me. I’ve sold a dozen or more videos by insulting their existing video. “I hope that your product has more care than whoever made that awful video.”

This isn’t the “nicest” way to do things, but it gains respect and demonstrates indifference. People that become our clients on this basis are also under control. When we approach someone with swagger, we inform them how their video will look. When they approach us, it changes the playing field just a little bit and oddly enough, it seems that we have less leverage.

Think about it this way: if you’re dating someone, do you want to pick, or do you want them to pick you? Then, what do you do to control the conversation?

There’s a continuum, but it seems that you get quicker dispensations with brash, and the percentages are about the same. Quicker is better because at least we know about it rapidly and don’t live in delusionland. (If we’re not ever really getting the business, it’s better knowing it.) Long term follow up works but not necessarily with any individual customer. I couldn’t predict that customer X would come back because I emailed a link. I also didn’t do it just to get their business, I did it because I add value.

Brash/unhinged seems to be a way to go. It keeps you from nurturing/chasing the business you weren’t getting anyway. With the CRM, every activity is just one more thing to do, nothing loaded or hard about it.

Ultimately, we have better luck with people I contact than with the folks that come over the transom on our /quote page. There are a lot of people that show up that aren’t yet our “right people” if you would. When I call people, I can create the information flow, and present to them in an intelligent way.

There is a long way to go to improve how we do things, you know? We are far from perfect right now, so we need to improve lots of little things about the way that our business works.

Freelancing? In a Service Business? Here’s What To Do First…

The first thing that you want to do is get to 50 paying customers as fast as you can.Yo

It doesn’t matter, really, what they are paying. A token wage, an insulting wage.  Whatever it is.  50 customers.  That’s the goal number one.  Everything else follows.  Get to 50 and you have a real business.  At almost any price point.

Why 50?  Partly because it’s a lot, and partly because it’s in site. The idea is that you’ll get good at the mechanics of making the sale. You’ll get insight into what people will want to pay for at something resembling scale.   You’ll probably need to approach 200-400 people to sell something 50 times.  You’ll get to refine your pitch.  You’ll actually have some money and some work.

For some of us it might take 3 months.  For others, a full year.  That’s the focus though, 50. That means that you have safety.  With 50 customers, you control your own destiny.

The beauty of 50 is that if you acquit yourself with aplomb half the time you’ll have the connections of 25 people – or more (some people that you treat poorly become your best referral sources, as odd as that seems).  You’ll probably have the connections of another couple dozen almost sales. 

 During the 50 customer hustle, you’ll say some ridiculous things.

You’ll make some mistakes. You’ll embarrass yourself.  You’ll look stupid.

All of these things will happen at least once.  Possibly more.  Probably more.  It’s OK.  The end of the tunnel means you have something substantive.

You’ll over reach, you’ll wear out one of your connections.  Someone will think you’re lame.  50 is a lot of people. Some of those 50 won’t like you.  If 4% hate you, that’s 2 people.  No president – ever – has had a 96% approval rating.

When you get your 50, you’ll be more or less in control of your fate.  You will probably have to change the way that you offer to do things. This is called a pivot.

This is what you focus on. This pays the bills.  A Business Plan will not. A Shiny Website might be needed to sell 50 times, but that is a tool to get to 50.  A brand strategy won’t be meaningful till your brand has encountered 50 people.

A lot of my entrepreneur friends install bottlenecks as a precondition to action.  ”I can’t possibly sell anything because my business card isn’t back yet,” or “I have to really plan out my brand strategy before I can sell anything.”  Nonsense.  To sell, you have to connect with people and sell.  Offer. Something. People. Want.  Start with a ridiculously low – no brainer – price.  Ratchet it up as you can.  It’s not that hard.

What’s hard is dealing with the success that comes from it.

Negotiations

Mark Suster writes a great article on negotiations.

He haggles for a living, and there’s no doubt he’s better than I am. I represent myself at the level of conscious incompetence.

One of the things that he doesn’t (yet)  get into, not really, is the iterated game. You fight this battle to make the next one go more smoothly. He says:

In face, your goal in a negotiation is not always to get the lowest possible terms. Your goal is to understand the needs of your partner and create win/win outcomes where both sides are incentivized to continue to want to work hard together – now and into the future.

Here’s the deal. A lot of times people I negotiate with have a reflex aggression that doesn’t help them.  They’ll fight for terms that they don’t need and conditions that actually disincentivize deals from getting done.

This is not a surprise. We have to get things done despite man made obstacles.

I negotiate with legal departments all the time. They get involved in profoundly dumb ways.  Simplifilm pursues course towards big and small companies.  We’ve pursued multivideo deals worth, often, tens of thousands of dollars, and hundreds of man hours of work.

We’ll often come to terms with the person needing the work, and legal will push back on some type of material point.  It has occasionally absurd.  Everything from net 60 pay days (which would hurt us majorly), to who gets to choose the voice talent (seriously, legal has said that they get to pick from a minimum of 40 choices).

At a certain point, we push back.  Even when we can live with the points. Demonstrating indifference – in a respectful and cheerful way-  is how you create long term clients.

Now, it seems like an ego trip. FAR from it.  Having us be a peer and not a lackey means that the tension that comes from the back and forth yields a superior product. That’s what the client wants.

Being willing to walk means:

  • We get respect.
  • The client gets better work.
  • We don’t go through mutual agony or client-side tantrums.
  • The client rehires us
  • We’re peers, not serfs.

Having respect is only possible when you negotiate with vigor and good cheer.

When a client gets the idea(delusion) that we’re financially in need of this deal…holy hell, will the number of revisions double or triple.  When the client feels like they are lucky we made time for them, they respect our ideas for the video, and it closes smoothly. For them, and for us.

“What do you think about this idea” is a more respectfil starting point than “we need you to do this for us.”

I was willing to kill what was the second biggest deal we had done over a minor point. Client wanted X’d out “mutual approval” on script and said “All scripts to be provided by client with no revisions by Simplifilm.”  This was tens of thousands. It came at a time where we felt that losing this would set our momentum back.  You can’t make a great video with a bad script.  We needed to have mutual approval.

We were willing to walk, and in a way that can’t be faked. I sent a letter – and I’m paraphrasing:

Dear _______.

Thanks for getting this far.  I hope to be able to work with you on these videos, but we won’t be able to go forward if we can’t have input and approval on the script.  I would like to know in the next 2 days if this will happen or not.  If that’s a sticking point for you, it is for us too, for reasons you can understand.

Mutual approval means that we’re both happy with the script.  It could be that your script is fine as is, or it could be that you’re walking into a minefield.

Let me know, and if this particular gig isn’t a fit, we’ll be happy to consider whatever you needs the future.”

We got the deal, and everything went swimmingly. They referred us more in the future.

That was for everyone’s benefit.